Moniepoint Signup and Registration: How to Open an Account with Moniepoint, How To Use Moniepoint App for Payments, Sending and Receiving Money

Sponsored links

How to Open an Account with Moniepoint

How to open an account with Moniepoint is easier in today’s digital age. Thanks to technology that makes financial transactions more accessible than ever before.

If you intend to make payments, sending and receiving money the whole process has been made simple by Moniepoint. All you need to do is to open an account with them. Then enjoy the banking system of your dreams. Their efficiency can be attributed to its user-friendly App that makes you transact your funds without a hitch.

Do you need guides on how to open an account with Moniepoint? Then sit back and read along.

The post will analyze the step-by-step guides on how to open an account with Moniepoint.

Furthermore, the easy ways to use Moniepoint App for payments, sending and receiving money will also be explained.

However, what is Moniepoint?

Table of Contents

What is Moniepoint?

Moniepoint is a fintech company founded by Tosin Eniolorunda and Felix Ike in 2015. Its motive is to provide financial solutions for businesses both in the banked and unbanked areas. Hence you should open an account with Moniepoint.

Also, it is a mobile money platform that allows you to perform a variety of transactions. Some of these are money transfers, bill payments, airtime purchases, data purchases, and lots more. Hence, it provides an all-in-one payment, banking, and operational platform for businesses.

Moniepoint is one of the leading digital money platforms in Nigeria. Hence, it has a wide range of features and benefits.

Benefits of Opening an Account with Moniepoint

There is no doubt there are numerous benefits you will enjoy when you open an account with Moniepoint. Some of these are:

Cheaper Transaction Rate

You know that feeling of transacting your funds with a low service fee right? Moniepoint offers you that. When you open an account with Moniepoint you do not need to worry about the high cost of service fee.


When you think of a transaction in the blink of an eye. Then think Moniepoint. The platform and POS terminal are 99.9% network uptime. That is, you can open an account and perform other transactions without wasting time.


With Moniepoint be rest assured that your funds are safe. It offers a secure card for your business transactions. Hence, you can set your spending limit and keep proper track with the card.

Also, when you open an account with Moniepoint you can generate a personal password and PIN. Doing this will help you protect your account from thieves provided you did not share it with anyone.


When you open an account with Moniepoint all your transaction notifications will be in the App. That is, it keeps you updated on any incoming or outgoing funds. Hence no hidden charges.


One of the major advantages of opening an account with moniepoint is the convenience it offers. With a Moniepoint account, you can send, and receive money, and carry out other financial transactions from the comfort of your room.

Ultimately, saving you the need to visit a bank.

Requirements for Opening A Moniepoint Account

Just like other digital banks, before you can have a valid account with Moniepoint you must have;

  • An active phone number
  • An email address
  • A valid means of identification
  • Your bank verification number.

Since you have all these ready then you can proceed to open an account with Moniepoint.

Moniepoint Signup and Registration: Steps on How to Open an Account with Moniepoint Directly on their Website

The following steps will guide you on how to open an account with Moniepoint without stress.

  1. Visit the Moniepoint Website

The first thing you need to do before you can open an account with Moniepoint is to visit their site.

  2. Sign Up

When you get to their site. The first thing to do is to type in your correct email address and phone number in the space provided.

   3. Verify your Phone Number

After registering your account, moniepoint will send you a verification code to confirm if those actions are carried out by you. Type in the verification number sent to your SMS in order to verify your phone number.

Immediately after your phone number is verified, you can then proceed to the registration proper.

    4. Enter your BVN

After you have verified your phone number, you will be asked to input your BVN and date of birth.

Then press on the next icon.

    5. Create your Profile

The last thing you need to do is to create a username and password.

Note that your username must be at least 6 characters long without space. Also, any other special characters except @. and _ will not be allowed.

Furthermore, your password must be 8 characters long. Also, it must contain a lowercase, uppercase, a special character, and a number.

Note that you must use a username and password you will remember easily in order to avoid the stress of not being able to log into your account.

The 9 Step by Steps Guide on How to Open an Account with Moniepoint on the App

  • Download the Moniepoint Mobile App

The first stage of opening an account with Moniepoint is to download the App on the Google Play Store for Android users.

However, if you use an IOS device then you can download yours on the Apple App Store.

  • Launch the App

After you have downloaded the Moniepoint App, the next thing is to install and launch the App on your mobile phone.

  • Sign Up

Then sign up by inputting your active phone number.

  • Verify your Phone Number

A verification code will be sent to the phone number. Input those codes into the boxes provided before it expires.

After verifying your phone number you can then proceed to the next step. Which is the creation of a profile.

  • Create your Profile

Immediately after your phone number has been verified, you can then proceed to create your profile. Here you will be required to fill in your details like name, date of birth, address, and other information.

  • Create a Password

One of the important aspects is the password creation part. It is advisable, that you choose a very strong password.

However, your password must be something you can easily remember because without it you will not be able to access your Moniepoint account.

  • Set Security Questions

Since you have set your password, the next step is to set a security question for your account. You will choose a question and provide an answer to it.

This is essential because if you forget your password, you will be able to access your account. However, you must be able to provide the correct answer to the secret question.

  • Set Up Your Transaction PIN

Next, is to create a personal identification number (PIN). This PIN will be required to complete all your transactions. Hence, you should not forget it.

  • Complete KYC Verification

However, this step is not compulsory. However, it is necessary if you want to fully optimize all the services rendered by Money Point.

Here you will need a valid means of identification, such as a government-issued ID card, driver’s license, or international passport.

Ultimately, follow the instructions provided in the App to complete your verification process.

That is it, you now owe an account with Moniepoint. You can now use the Moniepoint App for payments, sending, and receiving money.

How To Use Moniepoint App for Payments, Sending and Receiving Money

With your Moniepoint App, you can perform whatever transaction you wish. Nevertheless, you need to first fund your account.

How to Fund My Moniepoint Account

You can fund your account by;

  • Linking your Moniepoint account to your bank account.
  • Requesting another person to fund your account for you.

Now that you have funded your account you can start making payments and sending and receiving money.

How to Use Moniepoint App for Sending Money

Since you have funded your account you can now use your moniepoint account for sending money.

Follow the guide below on how to send money with your Moniepoint account.

  • Log in to Your Moniepoint Account 

Open your Moniepoint App on your mobile phone and then log in with your details. 

  • Go to the “Send Money” Icon

After logging into your account. Go to where the “Send Money” or “Transfer” icon is on the App’s home screen. Then press it.

  • Enter the Beneficiary Details

Then, type in the correct account details of the person you intend to send money. After that enter the amount of money you want to send. 

  • Confirm the Transaction Details

Make sure you confirm the details you typed in before sending the money. If you are sure that everything is correct then proceed to sending the money.

  • Enter Your Transaction PIN

To complete all your transactions on Moniepoint App you must type in your transaction PIN to verify your authorization for every transaction.

Ultimately, you will receive a notification confirming the successful transfer.

Yes, that is it. You have successfully sent money from your Moniepoint account.

How to Use Moniepoint App for Receiving Money

Provided you know your account details, receiving money with the Moniepoint app is an easy process.

  • Receiving money via Moniepoint App

You can receive money on your Moniepoint App by sharing your;

  • Moniepoint account number.
  • or QR code with the person sending you the money. 

The two means above are quick and efficient because they allow you to receive your money instantly.

  • Moniepoint Agent

Another means by which you can receive money on your moniepoint account is by locating a Moniepoint agent near you. All you need to do is provide the agent with your Moniepoint account number or QR code. Then the agent will initiate the transfer on your behalf.

Accordingly, the agent will scan your QR code or enter your account details. After this, you will receive money in your moniepoint account.

How to Use Your Moniepoint App for Other Payment

Your Moniepoint App is not limited to sending and receiving funds alone. You can also use the App to make other payments like;

  • Airtime
  • Data
  • Electricity bills
  • Cable TV subscriptions
  • Internet bills, among others.


Over the years, the use of the Moniepoint App has helped people in the banker’s and unbanked areas to transact their business without stress.

All you need to do is open an account with them. You can do this easily either by signing up directly on their website or by downloading the Moniepoint App.

I hope the article has been a guide on how to open an account with moniepoint/how to use the moniepoint app for payments, sending, and receiving money.

However, if you need further assistance or inquiry, you can talk to a customer service professional.

Frequently Asked Questions on How to Open an Account with Moniepoint

Can I use the MoniePoint App on my phone? 

Yes, you can use the Moniepoint App on your phone. It offers a mobile app that is compatible with Android and IOS devices. 

All you need to do is to download the app and sign up for your account. After that, enjoy using Moniepoint’s services right from your phone without a barrier.

Is the Moniepoint account only for business owners? 

No, the moniepoint account is not only for business owners. You can also open an account with Moniepount for personal use. The procedure is the same.

How can I reset my Moniepoint account password

Simply, follow the steps below to reset your password and unlock your account.

  • First, go to the Moniepoint online platform
  • Then click on the ‘forgot password’ icon
  • Enter your username and then click on the ‘Next’ button
  • Again, enter the OTP sent to your registered phone number 
  • After that, a password reset link will be sent to your registered email address
  • Furthermore, click on the link and follow the prompts to reset your password
  • Finally, log in to your dashboard with your new password.

How can I get back my money if someone transfers from my Moniepoint account without my consent

  • The first thing to do is to change your login details and authorization pin. 
  • Then reach out to the Moniepoint support team. Make sure you provide the receipt of the transaction.
  • Also, a police report or court order will be needed to validate the claim. 
  • Thus the team will reach out to the bank for a possible recall of funds.

How do I receive payment on Moniepoint? 

If you intend to receive payment on Moniepoint all you need to do is to share your Moniepoint account number. Also, you can send your QR code to the person making the payment.

Likewise, you can use the Moniepoint app or visit a Moniepoint agent to transfer the funds to your account.

Sponsored links

Leave a Reply